Oil prices fell on Wednesday, erasing gains from the previous session, as fears of a global economic slowdown curbing fuel demand outweighed expectations of further supply cuts due to production cuts.
Brent crude fell 14 cents, or 0.2 percent, to $76.11 a barrel by 0027 GMT, after rising $1.60 on Tuesday.
US West Texas Intermediate crude futures reached $71.14 a barrel, up $1.35, or 1.9 percent, from Monday’s close, as Tuesday was a holiday in the United States.
2023-07-05 04:39:50
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